Guest Commentary: Gold & Silver Daily Outlook 05.10.2012

Gold and silver continued their descent during yesterday. As a result of yesterday’s fall gold price reached its lowest level since December 2011l

Gold and silver continued their descent during yesterday. As a result of yesterday’s fall gold price reached its lowest level since December 2011l

Gold and silver tumbled down during yesterday’s trading.
Gold and silver resumed their downward trend on Monday as they have declined in the past five out of sic business days. The results in the French and Greek elections may have had a slight negative effect on the Euro, which in turn may have also adversely affected commodities prices.

Last week gold and silver slightly decreased despite their modest come back on Friday following another disappointing U.S employment report . The most recent news is coming from France in which Hollande won Sarkozy in the elections.

The bullion market has slowed down during the past three months: during February gold declined by 1.67%, during March by 2.3% and during April by 0.42%. Silver hasn’t done any better
Gold and silver sharply declined for the fourth consecutive business day. Today, the U.S non-farm report will come out and there are exceptions it won’t be much better than last month’s report
Gold and silver decreased for the third consecutive business day. Today’s ECB rate decision might play a role in the forex and commodities markets.Additional items on today’s agenda: U.S

Gold and silver slightly declined on Tuesday. The news of the rate reduction of RBA adversely affected the AUD.On today’s agenda: Euro Area Unemployment Rate, ADP estimate of U.S.

Crude oil and gold prices may diverge as a preliminary gauge of US jobs growth leads growth-geared assets and those dependent on QE3 bets along different paths.

SINGAPORE, May 1 (Reuters) – Spot gold hit a two-week highon Tuesday, extending gains from the previous session, as thedollar remained under pressure from U.S. data that suggestsslower momentum in economic …